Assistant Product Manager – Card Schemes Management

Job Title: Assistant Product Manager – Card Schemes Management Department: Retail Business – Cards & Payments Job Overview We are seeking a detail-oriented and commercially aware Assistant Product Manager – Card Schemes Management to own the Bank’s relationships with card schemes, including Visa and Pay. Pak (1LINK). The role is responsible for ensuring compliance with scheme rules and mandates, supporting new product certifications and digital payment capabilities, managing scheme billing and incentives, and maximizing the value of card scheme partnerships to support business growth, customer adoption, and portfolio profitability.

Key Responsibilities

Act as the Bank’s primary day-to-day contact for Visa and Pay. Pak on product, operational, and compliance matters. Maintain scheme membership records, BIN allocations, BIN attributes, and product registrations. Coordinate BIN setup, updates, and changes with Technology teams and card processors. Monitor scheme bulletins, rule changes, mandates, and operating requirements and assess their impact on the Bank.

Maintain and track compliance against Visa and Pay. Pak mandates to ensure timely implementation. Coordinate scheme certifications and implementation activities for new products and services, including virtual cards, tokenization, contactless payments, and digital wallet integrations. Support scheme security and fraud programs, including PCI DSS certifications, PIN attestations, 3-D Secure requirements, and fraud reporting activities.

Validate scheme fees, invoices, assessments, and charges, ensuring billing accuracy and reconciliation. Track scheme incentives, rebates, and marketing fund entitlements and ensure timely realization of earned benefits. Prepare performance analysis, cost assessments, benchmarks, and MIS reports to support commercial negotiations and agreement renewals.

Coordinate with Operations teams on chargebacks, settlement matters, reconciliation issues, and network-level escalations. Ensure card designs, artwork, and scheme-funded marketing campaigns comply with scheme branding requirements and approval processes. Coordinate reviews with Compliance, Information Security, Risk, and Shariah teams where applicable.

Experience Required Minimum 2–3 years of experience in card issuing, card schemes, card operations, cards product management, or payments-related roles within a bank, processor, or fintech. Hands-on involvement in at least one card implementation initiative such as scheme certification, BIN launch, tokenization, card migration, or digital card deployments.

Direct exposure to Visa and/or Pay. Pak programs will be preferred. Educational Background Required Bachelor's degree in Business Administration, Finance, Economics, Computer Science, Information Technology, or a related discipline. MBA or equivalent Master's degree preferred. Scheme, payments, or Islamic Banking certifications will be considered an added advantage.

Skills & Competencies Card Schemes & Network Rules Visa & Pay. Pak Operations Card Issuing & Transaction Lifecycle Authorization, Clearing & Settlement Processes Chargeback Management EMV, Contactless & Tokenization 3-D Secure & PCI DSS Awareness Certification & Implementation Coordination Scheme Billing & Commercial Analysis Incentive Tracking & Reconciliation BRD Preparation & UAT Management Excel-Based Reporting & MIS Regulatory & Shariah Compliance Awareness Card Scheme Portals & Reporting Tools Raqami Bank is an equal opportunity employer.

We welcome applications from all qualified individuals, including Persons with Disabilities (PWDs), and are committed to fostering an inclusive workplace where everyone has the opportunity to succeed. Last date to apply: November 6, 2026